Canada NewsWire
Halifax, NS , June 17, 2024 /CNW/ - Killam Apartment REIT ( TSX : KMP.UN ) is pleased to announce its June 2024 monthly distribution. The distribution of $0.05833 per unit will be paid on July 15, 2024 , to unitholders of record on June 28, 2024 .
Killam Apartment REIT offers a distribution reinvestment plan (the "DRIP"). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.
Killam Apartment REIT, based in Halifax, Nova Scotia , is one of Canada's largest residential real estate investment trusts, owning, operating, and developing a $5.2 billion portfolio of apartments and manufactured home communities. Killam's strategy is to enhance value and profitability by focusing on three priorities: 1) increase earnings from existing operations, 2) expand the portfolio and diversify geographically through accretive acquisitions and dispositions, with an emphasis on acquiring newer properties, and 3) develop high-quality properties in its core markets.
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
SOURCE Killam Apartment Real Estate Investment Trust
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